Shares will become tradable on NEPSE from Sawan 17 after three-year lock-in period expires.
The lock-in period for 4,845,217 shares of Mandakini Hydropower Limited is set to expire tomorrow, Sawan 16, 2081. These shares will be tradable on the Nepal Stock Exchange (NEPSE) starting Sawan 17. The company had allocated these shares through an Initial Public Offering (IPO) on Sawan 17, 2079.
As per the IPO regulations, shares issued to the founder group, employees, and local residents affected by the project were subject to a three-year lock-in period from the date of IPO allotment. With the expiry of the lock-in period, a total of 4,170,597 founder shares, 648,762 shares allocated to local residents, and 25,858 shares held by employees will now be eligible for trading on the stock exchange.
However, shares held by the company’s directors and senior management employees will remain under regulatory restriction and will not be tradable for the time being, according to the company’s statement.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
